Benchmark Has Lowered Expectations for Builders FirstSource (NYSE:BLDR) Stock Price

Builders FirstSource (NYSE:BLDR) had its target price decreased by investment analysts at Benchmark from $200.00 to $170.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 25.51% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. UBS Group started coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada upped their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Raymond James reissued an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $203.35.

Builders FirstSource Stock Down 6.2 %

Shares of NYSE:BLDR traded down $8.94 during midday trading on Friday, reaching $135.45. The company had a trading volume of 680,494 shares, compared to its average volume of 1,570,387. The business’s 50 day moving average price is $154.79 and its 200 day moving average price is $170.61. Builders FirstSource has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock has a market cap of $15.59 billion, a PE ratio of 13.27, a P/E/G ratio of 0.81 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Research analysts forecast that Builders FirstSource will post 11.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently made changes to their positions in the stock. Mountain Lake Investment Management LLC boosted its holdings in Builders FirstSource by 7.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after acquiring an additional 2,367 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of Builders FirstSource in the 4th quarter worth approximately $27,089,000. Lecap Asset Management Ltd. boosted its stake in shares of Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $405,000. Finally, JPMorgan Chase & Co. raised its stake in Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after buying an additional 58,436 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.